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As Gas Prices Surge By 28 Cents A Gallon In The Last 10 Days To $3.47, The APTA Informs Us How This Is Actually Great News
As the bruised and battered US consumer continues to be fornicated at the pump, there is, we are told, an amazing silver lining to this inflationary catastrophe: according to the American Public Transportation Association, as gas prices spike they bring with them the
savings for U.S. commuters who rely on public transportation, a transit
group said on Friday. See: and now the surge in price has been spun. Soon, when gas is $5 then $10/gallon, the administration will tell us how we are all saving so much money by using the subway... Of course until such time as the already insolvent MTA (and other regional transportation authorities) are "forced" to hike prices due to retaining those workers which even Wal Mart decided to pass on.
From Reuters:
U.S. gas prices have increased 28 cents a gallon in the last 10 days to $3.47 per gallon. Individuals who travel by bus or commuter rail instead of filling up their tanks at that price would save $825 per month on average, the American Public Transportation Association said.
The group included the national average of $161.56 for an unreserved parking space in a downtown business district in its calculations.
Political uncertainty in oil-producing Libya is pushing up oil prices, and that in turn is forcing many Americans to pay more at the pump.
If prices remain high, individuals would save an average $9,904 each year, APTA said, adding that "this is the highest savings for public transit riders in two years."
And the kicker from the APTA:
APTA said a commuter who relies on public
transportation in New York City has the most savings over a driver --
$14,376 a year -- followed by those in Boston, San Francisco, Chicago
and Seattle.
Next up: the administration touts the benefits of death. Just consider the amazing savings one will have by not having to spend tens of thousands of dollars on that barbarous relic, food.
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I use to take public transit buses in New Orleans back in the 60's and 70's, no air conditioner, huge roaches everywhere, and the passengers were the worse part. Wonder if it ever changed.
The buses in big cities are a major vector for TB. At least it is thought so by the epidimiologists. The subways also to a lesser extent.
uh...you saw Katrina, didn't you?
How are the truckers who deliver our food and other consumables going to fit their haul on the bus?
This is Peak Oil folks. The wobble begins, and most American's don't have a clue.
++ You got it!
Agreed cretin.
George Orwell never imagined that newspeak could be taken this far!
Today's NPR 5pm news one analysts said nothing to worry about until price goes to $150 a barrel.
I <3 Tyler Durden....good job little buddy
We all need to take mass transit, carpool, ride bicycles, or walk more anyway. The fattest people are in the south where everyone drives a car everywhere.
Walking cities like New York have fewer obese people. It is really obvious when I visit a small southern town versus New York City.
I actually lost a couple of pounds that week I was there in spite of eating out all the time. My feet were sore too! But I just love manhatten
Wouldn't you rather make the choice yourself to ride vs. walk, rather than have someone else who doesn't have your best interests in mind make it for you?
You speak for yourself.
Know this sounds selfish, was really happy in 2008 because no one drove their cars. Roads were empty & I could get my Saturday errands done faster. Bring on $7/gallon, the cops won't be able to afford trolling around the streets.
/Sarcasm off
Just play the game for a while longer, watch oil prices take a shit. The Maoist have loaded the dealerships with cars. Call it reverse physiology game gone tits up.
The streets in houston were fairly empty during the oil patch recession in the eighties. I loved it crusing I10 downtown during rush hour and traffic moved along briskly without jamming up.
I may enjoy high gas prices. Less road congestion.
I once owned a Honda Elite-250 scooter, 80mi/gal!
Wher I am in Canada.just north of the 49th,gas is $1.18 a litre.
Thats 4.5 x$1.18 =$5.31 a Gallon.
And it always goes up 10 cents a litre more come summertime
And the Fucking oil comes from HERE,,,,!!!
Crack Don't smoke itself......
Then don't light the pipe
I have substituted unemployment for working so the savings there is totally massive. It's a hedonic adjustment. The more gas goes up, the more I save. Nonstop cash register noises here.
People will transition from driving to walking and the CPI will show no inflation as this is just "substitution."
by BenLightYear
on Sat, 03/05/2011 - 03:04
#1021624
What would happen if we stopped printing? What i mean is what would happen if we set interest rates at a reasonable average rate of say 3.25% and left them there? What would happen if we changed the budget to where we broke even? If we lowered the budget and raised taxes? Aren't we in a perpetual state of holy shit? Is this not going to end badly? Is this not going to be a bumpier than shit ride no matter what we do? Why don't we stop the monetary and fiscal bull shit fiasco? Why don't we stand up and say "OK in the last 100 years some people fucked some stuff up and the 99% of the rest plead too dumb to have any clue what was happening;?
Can't we see that most economic models are flawed? Can't we see the correct parts and the incorrect parts of each clearly? Who the fuck is bernanke to sit in that chair and at best either show complete ignorance or corrupt mentality towards the very people who allow him to sit in that chair?
(bernanke i pick on only cause unlike most of our elected representatives he actually understands his god damn job...the number of our politicians who have no clue about the very things they vote on and how they work is 2nd only to the fact the majority of the country is unable or unwilling to see their complete lack of qualifications to make the laws and rules and create money/debt in our names)
Do we really need our lives to go through such a great trauma to wake up and at the very least pay attention? Do we not vote these people into office? Are we not the ones who choose the ones to coordinate our society?
Are they our leaders or are they the men and women we choose how to govern a nation with the sole intent and purpose of making every single citizens lives better and the future for our children brighter?
Their has to be a better way to make a country and economy function right? Are the ignorant majority and the crooked minority really so great that with our current level of knowledge we are honestly unable to provide a functioning and benefiting society?
by BenLightYear
on Sat, 03/05/2011 - 03:49
#1021635
What if instead of the very small minority of us rewrote our fiscal and monetary policy? How about a group people who understand how it works ( i don't have a degree however in the last year i have read every single piece of econ theory, looked over every graph, chart, model, read every single argument against such that i could get my hands on) I by no means can fix this by myself. By no means am i capable of writing an economic play book by myself. To do so would require time and ability that i myself am unable to supply solely. If a group of 10 or so new school ( meaning we understand whats wrong and have ideas on how to fix it ) theorists got together and built, dissected and then reassembled an economic model that would actually work.
If we set basic fundamentals in regards to bank ratio, money creation, spending/taxation, regulated from corruption while not impeding business past oversight, regulated the risk associated with lending by institutions who should hold safe money, adopted a fair taxation rate which would be more fair based on cost of living compared to earnings ( I feel the amount of taxes people pay should skew from low to higher based on the fact that those who live grandly can afford it without it affecting their actual lifestyle...i am not proposing a 5%-95% range...i don't think it would need to be anywhere near as drastic) fix all the loopholes, money you earn is taxed a that the rising ratio based on the amount of money the govt spends the previous year...every years budget will include the tax rate ratio ( a constant ratio in reference to each other but vary from say 10%-50% one year to 12%-52% the following year thus for our govt to spend a dollar they must tax for that dollar) what if we wrote a true economic model...what if we took everything that we know base it off of where we are at ( people hate change however i think people would get more behind a change that was more fluid than abrupt) and wrote a govt fiscal and monetary playbook that worked and could not be disputed? If written and followed business would adapt, public and private wealth would adapt, and i believe both would strive knowing exactly what to expect and keeping the institutions that are meant to be solid aka banks, investments, insurance, under regulation that makes them the properly regulated environment they should be. Banks have no need to make large margins of profit. Naturally some bank policies would be regulated as needed to provide a low risk, highly solvent institution that can expand a small amount of money to provide growth but a more acceptable rate of growth ie natural growth or maybe .25% over natural.
If we write it we can fix it. If it was written so it worked and if we voted people into office who understand it, agree with it, and believe in it then they could put it into affect. As outlandish as this may sound it truly does not sound impossible or even impractical. By the time we finished it things will be at the point where more are willing to listen and look for a way to make things right.
We don't have too decide how much government or how little. We don't have to decide what the govt spends money on just he fact whatever they spend is taken back in with tax receipts the following year. Just simple economic ratio's that coordinate how to keep things in a steady environment with natural growth in a properly regulated environment. We stop our politicians from spending more than they pay for, a fed res that can not keep their hands off of monetary policy. ( i swear it's like a kid with a new toy especially now...each chairman believes he is so much smarter than the last chairman or the 100 years of economic thought he has been taught). We set the economic model and elect representatives who will keep the ratio's intact.
by BenLightYear
on Sat, 03/05/2011 - 04:35
#1021658
I have been reading this website for over 6 months now. Tyler I thank you for providing a place where I learn in one paragraph and laugh my ass off in the next. I praise you for supplying a viewpoint contrary to what most are led to believe. I am grateful to my friend who directed me hear. Like I said I have spend the better part of the last year reading everything i could get my hands on. I sometimes found I ran into the problem of being able to actually visualize what it was that I was reading and the commentary/debate on this site has helped. More often than not I find myself being more able to argue against what i see and hear not because i remember someone else told me it was wrong but because i can actually see and understand why it is wrong.
Tyler
I would like a response to the post I made right before this one. I would like you to answer me as too why a group of 10 or so people can not sit down and write a fiscal and monetary policy that in effect would work.
From what I have learned I truly believe their is an equation, a formula, a treatise that if followed would lead to a stable pro growth ( albeit it natural) dependable economy that although it would start off in a less than desired state if it was stuck too would lead to a stable and productive govt and economy over a short to long period of time.
I would like you to respond. I would like you too tell me that I clearly don't understand enough and that what i propose is beyond man's means.
If it is not beyond our means than I would like you too tell my why you would be against doing such.
If it is not beyond our means and if you are not against it then maybe its time we sit down and write a play book.
Maybe its time we gather a small # of capable and intelligent people and we create an economy that actually works. That actually functions. That actually has a future.
By no means am I the most capable man to do this. By no means do I think I myself am able to accomplish this. In no way do i think this is something a single person could sit down and do without 9 other people correcting his flaws, dissecting his flaws, and recreating the solution.
I see once in awhile you interject here and their. I noticed you dissect news ( alot of which is news that actually pertains to this countries and the global economies juggling act of incompetence, misunderstanding, misuse, and corruption that we would otherwise not come across through normal news channels) and then leave it up to us to further dissect and debate on. I have noticed that you don't jump into the arguments after your posting. I am aware there are im sure numerous reasons why this could be. I give you the benefit of the doubt as to your reasons and intentions.
However I am calling you out. I have sat here for quite awhile now wondering why if there are people smart enough out there to say why others are wrong then of that bunch some must be smart enough to actually fix it.
I would like a response. I would like an answer. If I am crazy or delusional than plz say just that and I will bother you no more. I will go back to reading and keeping to myself. However if I am not, if what i propose is doable then maybe its time we get to work
We now realize beyond any doubt that corruption and ignorance if allowed to continue unabated will eventually ruin even the strongest nation.
Is today the day we stop what started as arguably the greatest nation in history from the death spiral it is in?
I ASK YOU TYLER IS TODAY THAT DAY?
There is no such thing as sustainable economic growth. This is an oxymoron that exists only in our head, no more applicable to the real world than a "dry waterfall".
Virtually all economists, whether Keynesian or Austrian, are a bunch of ignorant morons unable to understand the implications of the most basic laws of the universe which dictate everything in our lives an economy -- the laws of thermodynamics.
Our economies are not only falling apart because of out-of-control corruption; I contend that this is a result of the ultimate incompatibility of our economic models with the real world in which they are being force to operate -- in short, our economic "theories" violate the laws of thermodyunamics and we are now witnessing the end result of this.
Economc growth must stop.
Would you please stop posting this shit? Third time I've seen it in three days. STFU and go back to jerking off, ass-hat.
Is fuel cell technology a real solution to reduce the US dependency to oil?
http://auto.howstuffworks.com/fuel-efficiency/alternative-fuels/fuel-cel...
For now, it seems to me we still have a lot of work to do to make it viable.
Soon the gubbament will treat these savings as capital gains and tax everyone accordingly.
shut up!! stop giving them ideas!
I had no idea public transportation ran on hopium.
Where do these people come from? I can't believe the stuff we're starting to read, it's absolutely crazy, like all the supposedly important people who touted maintenance of high wages in the depression...idiots, we're surrounded by idiots.
$10 gasoline would be the best thing to ever happen to America.
It would be like a heroin addict going through withdrawal. The weak and the selfish would find it very uncomfortable at first but it is absolutely necessary in the medium and long run. America MUST break its dependence on oil.
Wake up people, get an electric car and stop whining about why you are being increasingly denied the privilege of raping and destroying the planet.
Here in Puget Power Land ( Western Washington State) our electric cars are 65% powered by burning natural gas and coal- and this is the glorious land of cheap, clean hydroelectric power.
Roll that up with your BC bud and smoke it.
You could drive in an electric car approximately the same distance as a regular gasoline powered car simply using the energy that is WASTED in order to refine tar sand (dirt) into nice clean gasoline.
It smell's like the next bubble could be parking lots on the border to NYC,
close to an subway, financed in CHF.;0)
Don't worry guys , germans pays over 8$ a gallon( close to 2008) and much
mor for the Buy-in,
finance, Repair , Insurance & Co....but we don't have a "government Motors".
Question: my first time in US i paid under 80c a gallon. which yaer ? ;)
I guess 1995. I was there in SoCal in 1997 and I think it was about $1.30
1991...also revoluzzer( east german)...next question: get i 2 revolutions in my whole life ?? ist open ;0)...( more are possible...)
I started driving in 1968. 32 cents a gallon. People used to "joy-ride." Drive-ins were cool, too.
Nixon fucked everyone. Reagan did so too, but was a master at screwing you and making it feel good. Reagan was and is the biggest lie ever foisted on this nation. And a-hole Republicans talk about him like he's some kind of deity.
Like all other presidents since Kennedy (and I'm not totally excusing him), as crooked as they come, and with an agenda.
All this fun is making me depressed.
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